B-Man Posted June 26, 2017 Share Posted June 26, 2017 Minimum wage fight may heat up after new study finds jobs, hours fell in Seattle Los Angeles Times, by Natalie Kitroeff Original Article Link to comment Share on other sites More sharing options...
B-Man Posted June 26, 2017 Share Posted June 26, 2017 Seattle's minimum-wage hike seems to have reduced low-wage workers' earnings by $1500 a year: http://www.nber.org/papers/w23532.pdf … YA THINK? Seattle’s Minimum Wage Hike May Have Gone Too Far. In January 2016, Seattle’s minimum wage jumped from $11 an hour to $13 for large employers, the second big increase in less than a year. New research released Monday by a team of economists at the University of Washington suggests the wage hike may have come at a significant cost: The increase led to steep declines in employment for low-wage workers, and a drop in hours for those who kept their jobs. Crucially, the negative impact of lost jobs and hours more than offset the benefits of higher wages — on average, low-wage workers earned $125 per month less because of the higher wage, a small but significant decline. $125 a month — or $1,500 a year — is not a “small” decline for someone making minimum wage. But don't worry..............................Charles C W Cooke HAS the solution Charles C. W. CookeVerified account @charlescwcookeFollow More Charles C. W. Cooke Retweeted Annie Lowrey Better make it $20. Link to comment Share on other sites More sharing options...
Tiberius Posted June 26, 2017 Author Share Posted June 26, 2017 What's the unemployment rate in Seattle? Har har... Link to comment Share on other sites More sharing options...
B-Man Posted June 26, 2017 Share Posted June 26, 2017 (edited) Minimum wage fight may heat up after new study finds jobs, hours fell in Seattle I am sure that the workers who are making less money now, are not laughing, But then, they have IQ's with three digits. Edited June 26, 2017 by B-Man Link to comment Share on other sites More sharing options...
grinreaper Posted June 26, 2017 Share Posted June 26, 2017 I think I posted this sometime in the last year: http://www.foxnews.com/politics/2015/07/22/seattle-sees-fallout-from-15-minimum-wage-as-other-cities-follow-suit.html Seattle’s $15 minimum wage law is supposed to lift workers out of poverty and move them off public assistance. But there may be a hitch in the plan. Evidence is surfacing that some workers are asking their bosses for fewer hours as their wages rise – in a bid to keep overall income down so they don’t lose public subsidies for things like food, child care and rent. Full Life Care, a home nursing nonprofit, told KIRO-TV in Seattle that several workers want to work less. “If they cut down their hours to stay on those subsidies because the $15 per hour minimum wage didn’t actually help get them out of poverty, all you’ve done is put a burden on the business and given false hope to a lot of people,” said Jason Rantz, host of the Jason Rantz show on 97.3 KIRO-FM. The twist is just one apparent side effect of the controversial -- yet trendsetting -- minimum wage law in Seattle, which is being copied in several other cities despite concerns over prices rising and businesses struggling to keep up. The notion that employees are intentionally working less to preserve their welfare has been a hot topic on talk radio. While the claims are difficult to track, state stats indeed suggest few are moving off welfare programs under the new wage. Link to comment Share on other sites More sharing options...
Magox Posted June 26, 2017 Share Posted June 26, 2017 What's the unemployment rate in Seattle? Har har... Don't be such a dingbat, it's these sort of comments that continue to weigh down your seriousness. Link to comment Share on other sites More sharing options...
Tiberius Posted June 26, 2017 Author Share Posted June 26, 2017 Don't be such a dingbat, it's these sort of comments that continue to weigh down your seriousness. What is the unemployment rate in Seattle? Link to comment Share on other sites More sharing options...
Magox Posted June 26, 2017 Share Posted June 26, 2017 What is the unemployment rate in Seattle? Did you read the study? Link to comment Share on other sites More sharing options...
GG Posted June 26, 2017 Share Posted June 26, 2017 Don't be such a dingbat, it's these sort of comments that continue to weigh down your seriousness. He won't be a dingbat if people stop responding to his crap. Link to comment Share on other sites More sharing options...
Doc Posted June 26, 2017 Share Posted June 26, 2017 Did you read the study? Doesn't matter. All that matters to libs is the unemployment rate, as spurious as it may be. Link to comment Share on other sites More sharing options...
Rockpile233 Posted June 26, 2017 Share Posted June 26, 2017 I absolutely hate a $15 minimum wage and loved reading that study this morning. Link to comment Share on other sites More sharing options...
unbillievable Posted June 26, 2017 Share Posted June 26, 2017 (edited) The minimum wage was low enough to be below the normal market equilibrium. Most businesses were already above it. Once the minimum pushed beyond normal market forces, the system adjusted. That's why small increases in the past didn't affect anything. It had always trailed inflation. It's basic economics. Common sense. I also found it interesting that the liberal rebuttal to this study is that they think the jobs that moved outside the city center should not be counted as a loss, because those people could have found jobs in other states. They must be the idiots that believed NAFTA was a net gain since Mexico got a lot of former American jobs. Edited June 26, 2017 by unbillievable Link to comment Share on other sites More sharing options...
Nanker Posted June 27, 2017 Share Posted June 27, 2017 (edited) The minimum wage was low enough to be below the normal market equilibrium. Most businesses were already above it. Once the minimum pushed beyond normal market forces, the system adjusted. That's why small increases in the past didn't affect anything. It had always trailed inflation. It's basic economics. Common sense. I also found it interesting that the liberal rebuttal to this study is that they think the jobs that moved outside the city center should not be counted as a loss, because those people could have found jobs in other states. They must be the idiots that believed NAFTA was a net gain since Mexico got a lot of former American jobs. If you believe that the US should have no borders, and that ever living human being in the universe has a right to enter this country and become Demi-citizens, then yes. $15 should become the minimum wage throughout the entire world. Edited June 27, 2017 by Nanker Link to comment Share on other sites More sharing options...
Azalin Posted July 7, 2017 Share Posted July 7, 2017 "According to U.S. Bureau of Labor Statistics data compiled by A3, U.S. companies added a record 136,748 robots to factory floors over the past seven years, while creating 894,000 new manufacturing jobs." http://www.foxnews.com/tech/2017/07/07/can-robots-create-jobs-for-humans.html Link to comment Share on other sites More sharing options...
IDBillzFan Posted July 7, 2017 Share Posted July 7, 2017 "According to U.S. Bureau of Labor Statistics data compiled by A3, U.S. companies added a record 136,748 robots to factory floors over the past seven years, while creating 894,000 new manufacturing jobs." http://www.foxnews.com/tech/2017/07/07/can-robots-create-jobs-for-humans.html #robotlivesmatter Link to comment Share on other sites More sharing options...
/dev/null Posted July 7, 2017 Share Posted July 7, 2017 (edited) "According to U.S. Bureau of Labor Statistics data compiled by A3, U.S. companies added a record 136,748 robots to factory floors over the past seven years, while creating 894,000 new manufacturing jobs." http://www.foxnews.com/tech/2017/07/07/can-robots-create-jobs-for-humans.html Maybe they should rebrand their slogan from Fight For $15 to Fight For $F Edited July 7, 2017 by /dev/null Link to comment Share on other sites More sharing options...
B-Man Posted July 13, 2017 Share Posted July 13, 2017 A. BARTON HINKLE: Is It Time to Start Dismissing ‘Economics Deniers’? In late June, researchers published a careful and data-rich study on Seattle’s minimum-wage law. It found that the city’s graduated hike in the minimum wage is costing thousands of jobs and cutting the number of hours worked by people in low-pay jobs. In the aggregate, Seattle workers are losing millions of dollars in wages thanks to the law. The study has drawn praise for its analytical rigor; one economist at MIT called it “sufficiently compelling in its design and statistical power that it can change minds.” Or not. Since its publication, liberals have given the study hyper-skeptical treatment, claiming to find all sorts of shortcomings with its methodology, data set, and so on. They point to a different study, from the University of California at Berkeley, which examined the law’s effects on the restaurant industry and found no statistically measurable effect. Even Seattle’s political leaders are piling on, although they commissioned the research in the first place. The idea that the price of something has no effect on demand for it sounds pretty funny, coming from liberals. After all, progressives generally support raising taxes on cigarettes to discourage people from smoking. Last November several cities joined the growing list of liberal demesnes that have imposed soda taxes—Berkeley, Philadelphia, San Francisco, etc.—to discourage consumption of sugary drinks. Heck, some localities even have firearms and ammunition taxes. One of them, in fact, is Seattle—where gun sales have dropped as a result. The cognitive dissonance can be head-spinning. Link to comment Share on other sites More sharing options...
Magox Posted July 13, 2017 Share Posted July 13, 2017 "According to U.S. Bureau of Labor Statistics data compiled by A3, U.S. companies added a record 136,748 robots to factory floors over the past seven years, while creating 894,000 new manufacturing jobs." http://www.foxnews.com/tech/2017/07/07/can-robots-create-jobs-for-humans.html It's just going to get worse. I wonder how many jobs improved software technology has taken away the Job markets? Link to comment Share on other sites More sharing options...
unbillievable Posted July 13, 2017 Share Posted July 13, 2017 A. BARTON HINKLE: Is It Time to Start Dismissing ‘Economics Deniers’? In late June, researchers published a careful and data-rich study on Seattle’s minimum-wage law. It found that the city’s graduated hike in the minimum wage is costing thousands of jobs and cutting the number of hours worked by people in low-pay jobs. In the aggregate, Seattle workers are losing millions of dollars in wages thanks to the law. The study has drawn praise for its analytical rigor; one economist at MIT called it “sufficiently compelling in its design and statistical power that it can change minds.” Or not. Since its publication, liberals have given the study hyper-skeptical treatment, claiming to find all sorts of shortcomings with its methodology, data set, and so on. They point to a different study, from the University of California at Berkeley, which examined the law’s effects on the restaurant industry and found no statistically measurable effect. Even Seattle’s political leaders are piling on, although they commissioned the research in the first place. The idea that the price of something has no effect on demand for it sounds pretty funny, coming from liberals. After all, progressives generally support raising taxes on cigarettes to discourage people from smoking. Last November several cities joined the growing list of liberal demesnes that have imposed soda taxes—Berkeley, Philadelphia, San Francisco, etc.—to discourage consumption of sugary drinks. Heck, some localities even have firearms and ammunition taxes. One of them, in fact, is Seattle—where gun sales have dropped as a result. The cognitive dissonance can be head-spinning. So why are liberals fighting so hard for something that they admit has "no measurable statistical effect" at best? Link to comment Share on other sites More sharing options...
DC Tom Posted July 13, 2017 Share Posted July 13, 2017 So why are liberals fighting so hard for something that they admit has "no measurable statistical effect" at best? Because reality is subordinate to making people feel good about themselves. [/Critical Theory] Link to comment Share on other sites More sharing options...
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